New Hope Corporation Limited · ASX:NHC
New Hope — FY2025 Earnings Presentation
24 slides from New Hope's earnings presentation, Sep 16, 2025
Slide 1: New Hope Group FY25 Full Year Results
New Hope Group FY25 Full Year Results ASX:NHC 16 September 2025
Slide 2: Important Notice
Important Notice This presentation contains information about New Hope Corporation Limited and its subsidiaries (together, New Hope or the Group) in summary form only, and should be read in conjunction with other announcements made by New Hope to the ASX (copies of which are available at www.asx.com
Slide 3: FY25 Highlights
FY25 Highlights Rob Bishop Chief Executive Officer New Hope Group FY25 Full Year Results 3
Slide 4: Strong operational performance and continued shareholder returns
Strong operational performance and continued shareholder returns Operational highlights1 Financial highlights1 Safety – TRIFR2 ROM coal production Fully franked final dividend Underlying EBITDA3 3.22 16.4Mt 15¢ $766M 35% improvement 33% increase Per share 11% decrease Saleable coal production Coal s
Slide 5: Safety performance
Safety performance Safety All Injury Frequency Rate (AIFR) 40 The sustained downward trend in TRIFR reflects a maturing safety approach across New Hope operations, driven by continuous 33.70 35 33.32 32.60 32.66 learning, targeted injury prevention and collaborative governance. 29.69 30.20 29.77 29.
Slide 6: Operational performance
Operational performance Group Production1 Saleable coal production (Mt)1 18% 16.4Mt 10.7Mt $82.4/t 12 10.7 ROM Coal Saleable Coal FOB cash cost 10 9.1 Production Production (excl. royalties)2 8 33% increase 18% increase 8% improvement 6 4 7.2 8.0 7.9 Bengalla Mine1 2 - 10.0Mt 7.9Mt $76.5/t FY23 Beng
Slide 7: Financial performance
Financial performance Realised price (incl. Hedging) 571 (317) $161/t 1,400 1,300 1,200 17% decrease 1,100 (15) (347) 1,000 Re-investing in our Underlying margin (incl. Hedging) operations Average purchase price ($m) 900 of $3.60 per share $64/t 825 800 (9) 707 700 28% decrease 600 Fully franked div
Slide 8: Capital management
Capital management Uses of cash flow Cash flows from our assets • New Acland Mine – growth capital to access Manning Vale West Pit. • Bengalla Mine – Sustaining capital and truck fleet replacement program. Growth capital M&A opportunities Fixed income for organic production aligned to maximise retur
Slide 9: Strategy and investment proposition
Strategy and investment proposition Our strategy is to safely, responsibly and efficiently operate our low-cost, long-life assets, with a focus on disciplined capital management, providing valuable returns to our shareholders 1 Strong industry outlook 2 Low-cost assets with greater resilience to coa
Slide 10: Our outlook
Our outlook We expect Australia’s high-quality thermal coal to play a vital role in providing reliable and secure energy supply to the world Global power generation by fuel source (TWh)1 Global thermal coal supply and demand (Mt)1 50,000 1,400 45,000 1,200 40,000 ~609Mt 35,000 1,000 shortfall 30,000
Slide 11: Our assets
Our assets Low cost, high-quality assets provide healthy margins and greater resilience to coal price fluctuations FY25 underlying margin ($/t) FY25 export energy content (NAR3 basis) 58.8 23.7 13.9 64.4 - 20 40 60 80 100 120 140 160 180 200 220 30% 1 FOR Port & rail Trade coal Royalties Underlying
Slide 12: Our returns
Our returns Maximising shareholder returns from our high-quality, low-cost assets Dividends declared (cps)1 Cumulative TSR performance (%)3 100 7,000 Total return on investment since 90 86 IPO ~8x greater than the ASX All +4,668% 6,000 Ordinaries4 80 70 70 5,000 60 4,000 50 39 3,000 +585% 40 34 30 2
Slide 13: Our responsible approach
Our responsible approach Responsibly operating our low-cost assets and providing benefits to the communities we operate in FY25 Regional Impact - NSW Land holdings and rehabilitation (hectares)2 $0.64m $162.6m 7,956 ~36 per cent of total mining donated to 74 community groups spent with 221 suppliers
Slide 14: Our growth
Our growth Our organic production profile provides cost effective, low-risk growth Saleable coal production1 Bengalla Growth Project providing increased output capability 16 ~15Mt 14 12 10.7Mt New Acland Mine ramping up to ~5Mtpa 10 9.1Mt 7.2Mt 8 Maxwell mine ramping up to ~6Mtpa 6 4 2 Exploring con
Slide 15: Appendices
Appendices New Hope Group FY25 Full Year Results 15
Slide 16: Our operations and markets
Our operations and markets1 Operating coal mines Agricultural operations Port facility Oil and gas production and exploration Bengalla Bengalla Bridgeport Energy (thermal) (80% joint Agricultural Surat, Cooper and Otway Basins venture, open-cut) Company Queensland Bulk Acland Handling Offices New Ho
Slide 17: Thermal coal pricing has retreated in recent times, but remains above historical averages
Thermal coal pricing has retreated in recent times, but remains above historical averages La Nina supply disruptions 500 End of Chinese Import Ban 450 Russia invades Ukraine 400 China’s NDRC jawbones market 350 Sustained period of environmental debate 300 that questions the role of coal in the energ
Slide 18: Financial performance
Financial performance Underlying EBITDA1 ($m) FY25 FY24 $m $m 1,577 1,747 860 Underlying EBITDA1 before non-regular items 765.8 859.9 766 367 Depreciation and amortisation (191.0) (168.1) FY21 FY22 FY23 FY24 FY25 Net interest income (16.4) 11.3 Net profit after tax ($m) Profit before tax and non-reg
Slide 19: Financial performance
Financial performance Strong balance sheet with solid free cash flow generation Revenue ($m) Underlying EBITDA3 ($m) Market Net capitalisation1 assets 2,552 2,754 1,577 1,747 $3,523m $2,628m 1,048 1,802 1,796 860 766 367 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Net cash inflows from operati
Slide 20: Bengalla Mine – sustained operational performance
Bengalla Mine – sustained operational performance Bengalla Mine saleable coal production (Mt)1 • Large scale, low-cost operation delivering strong margins. 9 100% • Saleable coal production of 7.9Mt1 in FY25. 8 • FOB cash cost2 of $76.5/t in FY25. 80% 7 • FY25 production impacted by significant weat
Slide 21: New Acland Mine – ramping up to a ~5Mtpa operation
New Acland Mine – ramping up to a ~5Mtpa operation • Saleable coal production of 2.8Mt in FY25. • Low-strip ratio asset which will compete with Bengalla Mine on an FOR1 basis at steady state operations. Manning • Group ownership of certain underground titles results Vale West in a low-exposure to th
Slide 22: Malabar Resources Limited
Malabar Resources Limited Maxwell Mine Project • Underground project possessing high-quality SSCC1 and thermal coal. • Bord and pillar (B&P) and longwall operation. • ~6Mtpa of coal sales over a ~20-year approval period. • 300m longwall operating costs of $55/t2 (excluding royalties). Maxwell Mine t
Slide 23: FY25 performance
FY25 performance FY25 Actuals FY25 Guidance New Hope Group ROM Coal Production (‘000t) 16,382 15,930 – 17,450 Saleable Coal Production (‘000t) 10,708 10,580 – 11,570 Coal Sales (‘000t) 10,546 10,410 – 11,450 NSW Operations1 Bengalla Mine ROM Coal Production (‘000t) 10,035 10,080 – 10,800 Saleable Co
Slide 24: Coal. Energy. Agriculture. Responsibly. Reliably.
Coal. Energy. Agriculture. Responsibly. Reliably. Contact us Level 18/175 Eagle Street, Brisbane City QLD 4000 (07) 3418 0500 newhopegroup.com.au